Insurance Regulatory Counsel

About the role

7+ years of major law firm or in-house experience in the insurance industry.

This job provides the prospective candidate the opportunity to work with various teams throughout AIG including Underwriting (multiple lines of business), Comptrollers, Investments, Regulatory Reporting, Tax, and Litigation, as well as regulators.

This is a dynamic and client-facing position for a self-starting, intellectually curious lawyer who is willing to dive in to a number of challenging projects while at the same time tending to ordinary course matters needed to support the day-to-day responsibilities. The job requires an individual who can multi-task, manage and prioritize work flows. In this challenging and dynamic role, you will have the opportunity to demonstrate and expand your legal expertise by being responsible for various aspects within AIG’s regulatory team.

This position is primarily dedicated to providing insurance regulatory support for operations of AIG’s Property Casualty business. Areas of responsibility will include support of underwriting, comptrollers and other groups that need assistance in addressing particular aspects of state insurance law or federal law, as applicable. This will include drafting of filings with applicable regulators. The position will also require legal research, general policy review, and counsel of business partners.

• Support issues related to insurance policy rate and form filings.
• Support issues related to market conduct and financial exams.
• Prepare regulatory filings (e.g., Holding Company, and company licensing).
• Partner and interact with state regulators.
• Support issues related to consumer complaints, and information requests.
• Provide guidance concerning financial statement disclosures.
• Oversee monitoring of insurance laws and insurance department actions.
• Effectively work in a team environment, closely collaborate and provide team support with peers across Legal, Compliance and other control functions.

• 7+ years of major law firm or in-house experience in the insurance industry.
• Must have experience with Property & Casualty insurance
• Experience handling insurance regulatory matters and demonstrable experience in one or more of the areas of responsibility.
• Problem-solving skills that demonstrate ability to critically evaluate and analyze issues and recommend well thought-out and/or creative solutions.
• Experience with drafting, mark-ups and negotiation of agreements.

For positions based in NYC, the base salary range is $150,000 -$172,000. For positions based in NJ, the base salary range is $145,000 - $168,000. For positions based in Illinois, the base salary range is $142,000 - $168,000. For positions based in Massachusetts, the base salary range is $140,000 - $165,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

In addition, we’re proud to offer a range of competitive benefits.

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential.

We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to…